Michael McGrath (Cork South Central, Fianna Fail)
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Question 81: To ask the Minister for Finance his views on the operation to date of the National Assets Management Agency advisory board; and if he will make a statement on the matter. [19710/12]

Michael Noonan (Limerick City, Fine Gael)
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The advisory group on NAMA was set up to advise me on specific issues related to NAMA. The group's advice to me primarily relates to the strategy of NAMA as proposed by the board of NAMA; the appointment of directors to NAMA; the remuneration of the senior executives of NAMA and any further advice that I may seek on any matter relating to NAMA. I have met with the group on one occasion since it was formally established. It is also open to the Chair to contact me as issues arise. I expect the advisory group to play a valuable role and I can confirm that I am satisfied with the operation and progress of the group to date.